Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Brother Industries, Ltd. (6448.T)

Company Dividend Discount ModelIndustry: Business Equipment & SuppliesSector: Industrials

Valuation Snapshot

Stable Growth$10,495.75 - $42,363.00$27,852.38
Multi-Stage$6,465.21 - $7,080.57$6,767.19
Blended Fair Value$17,309.78
Current Price$2,478.50
Upside598.40%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS10.42%13.71%100.2768.1768.5264.1758.0361.0761.0648.8436.6233.57
YoY Growth--47.08%-0.51%6.79%10.57%-4.98%0.03%25.02%33.35%9.09%21.02%
Dividend Yield--4.03%2.35%3.26%2.69%2.62%3.14%2.92%2.23%1.41%3.09%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)54,902.00
(-) Cash Dividends Paid (M)25,625.00
(=) Cash Retained (M)29,277.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)10,980.406,862.754,117.65
Cash Retained (M)29,277.0029,277.0029,277.00
(-) Cash Required (M)-10,980.40-6,862.75-4,117.65
(=) Excess Retained (M)18,296.6022,414.2525,159.35
(/) Shares Outstanding (M)255.54255.54255.54
(=) Excess Retained per Share71.6087.7198.45
LTM Dividend per Share100.28100.28100.28
(+) Excess Retained per Share71.6087.7198.45
(=) Adjusted Dividend171.87187.99198.73
WACC / Discount Rate6.30%6.30%6.30%
Growth Rate4.58%5.58%6.58%
Fair Value$10,495.75$27,852.38$42,363.00
Upside / Downside323.47%1,023.76%1,609.22%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)54,902.0057,967.8561,204.9164,622.7368,231.4172,041.6074,202.85
Payout Ratio46.67%55.34%64.00%72.67%81.33%90.00%92.50%
Projected Dividends (M)25,625.0032,078.9839,173.8646,961.1055,495.8964,837.4468,637.64

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.30%6.30%6.30%
Growth Rate4.58%5.58%6.58%
Year 1 PV (M)29,892.8530,178.6730,464.50
Year 2 PV (M)34,016.5134,670.1335,329.97
Year 3 PV (M)37,999.5439,100.0140,221.53
Year 4 PV (M)41,845.3943,468.9445,139.28
Year 5 PV (M)45,557.4547,777.5350,083.33
PV of Terminal Value (M)1,462,834.771,534,120.751,608,159.13
Equity Value (M)1,652,146.511,729,316.041,809,397.73
Shares Outstanding (M)255.54255.54255.54
Fair Value$6,465.21$6,767.19$7,080.57
Upside / Downside160.85%173.04%185.68%

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